LIVEPEER - LPT/USD - 1H - Technical analysis published on 05/19/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 20.02 USD
My targets
18.20 USD (-3.24%)
16.75 USD (-10.95%)
My analysis
LIVEPEER - LPT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.02 USD. The next support located at 18.20 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 16.75 USD. Below this support, sellers could then target 16.09 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LIVEPEER - LPT/USD price is 18.81 USD. The price is lower by -0.58% since the last closing and was between 18.39 USD and 19.77 USD. This implies that the price is at +2.28% from its lowest and at -4.86% from its highest.18.39
19.77
18.81
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LIVEPEER - LPT/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.09 | 16.75 | 18.20 | 18.81 | 18.87 | 20.02 | 20.97 |
| Change (%) | -14.46% | -10.95% | -3.24% | - | +0.32% | +6.43% | +11.48% |
| Change | -2.72 | -2.06 | -0.61 | - | +0.06 | +1.21 | +2.16 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.26 | 17.17 | 18.04 | 18.95 | 19.82 | 20.73 | 21.60 |
| Camarilla | 18.43 | 18.59 | 18.76 | 18.92 | 19.08 | 19.25 | 19.41 |
| Woodie | 16.25 | 17.16 | 18.03 | 18.94 | 19.81 | 20.72 | 21.59 |
| Fibonacci | 17.17 | 17.85 | 18.27 | 18.95 | 19.63 | 20.05 | 20.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.29 | 13.63 | 16.28 | 18.62 | 21.27 | 23.61 | 26.26 |
| Camarilla | 17.55 | 18.01 | 18.46 | 18.92 | 19.38 | 19.84 | 20.29 |
| Woodie | 11.44 | 13.71 | 16.43 | 18.70 | 21.42 | 23.69 | 26.41 |
| Fibonacci | 13.63 | 15.54 | 16.72 | 18.62 | 20.53 | 21.71 | 23.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.35 | 4.05 | 8.21 | 13.61 | 17.77 | 23.17 | 27.33 |
| Camarilla | 9.75 | 10.63 | 11.50 | 12.38 | 13.26 | 14.13 | 15.01 |
| Woodie | -1.96 | 3.74 | 7.60 | 13.30 | 17.16 | 22.86 | 26.72 |
| Fibonacci | 4.05 | 7.70 | 9.96 | 13.61 | 17.26 | 19.52 | 23.17 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.79 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | 0.16 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 18.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.71 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 19.60 | |
| Zig ZAG (10): | 18.77 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 21.09 | |
| TEMA (21): | 18.85 | |
| Williams %R (14): | -78.15 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -1.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.14 |
| MA7: | 18.88 | |
| MA20: | 16.33 | |
| MA50: | 15.44 | |
| MA100: | 16.03 | |
| MAexp7: | 18.84 | |
| MAexp20: | 18.99 | |
| MAexp50: | 19.08 | |
| MAexp100: | 19.00 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +15.19% | |
| Price / MA50: | +21.83% | |
| Price / MA100: | +17.34% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.95% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | -1.00% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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